Outlook for Bangladesh Ba3 ratings stable

Moody's Investors Service has published its first annual report on Bangladesh, and which provides a methodological assessment underpinning the country's Ba3 foreign- and local-currency sovereign obligations and the stable rating outlook.
"The rating reflects our assessment that a track record of steady growth, macroeconomic stability and policy predictability offsets a relatively low income, but medium-sized economy," said Aninda Mitra, a Moody's senior analyst.
Mitra was speaking on the release of the report, and which followed the publication of a press release on April 12 announcing its assignment of the first-time rating to the People's Republic of Bangladesh.
"Bangladesh's overall balance of payments and economic stability is further supported by large remittance inflows and the role of local micro-finance institutions," said Mitra. "The latter have heightened financial inclusion and established a critical social safety net that offsets the vagaries of a very low level of per-capita income."